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Altech Advanced Materials AG
Ansprechpartner: Hansjörg Plaggemars
Tel.: +49 6221 64924-82
E-Mail: info@altechadvancedmaterials.com

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pta20220215033
Business news for the stock market

Altech Advanced Materials AG: Altech Industries Germany has awarded contract for the construction of the pilot plant for coating battery materials


Heidelberg (pta033/15.02.2022/16:15) -

  • Küttner GmbH was selected to supply the technical equipment for the pilot plant
  • Experience and commitment in the execution of complex metallurgical plant projects tipped the scales
  • Final design of the pilot plant has started

Altech Advanced Materials AG (AAM / the Company) ( FRA: AMA1) announces that Altech Industries Germany GmbH (AIG), a subsidiary of Altech Chemicals Limited (75%) and Altech Advanced Materials AG (25%), has awarded the engineering contract for the AIG Battery Materials pilot plant in Schwarze Pumpe, Saxony, Germany, to Küttner GmbH (Küttner). Küttner will now start with the detailed planning. Thus, the procurement of individual components and the construction of the pilot plant can then be started quickly. The plant is designed for the production of 120 kg of coated battery anode material per day, which can then be made available to battery manufacturers for testing purposes.

Küttner is a German-based industrial plant engineering and EPC contractor, with strong experience in design, procurement, project and construction management and plant commissioning across different industries. Küttner has previously completed metallurgical plant, water and off-gas treatment projects and is therefore an ideal implementation partner for AIG.

As announced by the Company on 1 February 2022, preliminary design of the pilot plant has now been completed. With the selection of Küttner as the contractor for the construction of the pilot plant, the next step in the development of the plant in the existing Dock3 factory building has been completed.

The Board of Directors

About Altech Advanced Materials AG

Heidelberg-based Altech Advanced Materials AG (ISIN: DE000A2LQUJ6) ("AAM") is an investment company listed in Frankfurt. The company's objective is to participate in the market for lithium-ion batteries and thus in the rapidly growing sector of electromobility as well as in the expected market development for the other applications of high-purity alumina. To this end, Altech Advanced Material AG has acquired a 25% stake in Altech Industries Germany, Dresden, ("AIG"), where a factory for the production of coating material for anode batteries is to be built together with the partner Altech Chemicals Limited, Australia ("ATC"). A feasibility study is currently underway. AIG holds the exclusive rights to use the coating technology for anode materials and the rights to the high purity alumina ("HPA") production technology within the European Union from Altech Australia Pty Ltd, Australia. In addition, AAM holds an option to acquire up to a 49% interest in Altech Australia Pty Ltd, Australia ("Altech") for up to $100 million. Currently, Altech is a wholly owned subsidiary of ATC. Altech owns the IP rights to the HPA technology as well as being the wholly owned parent company of Altech Chemicals Sn Bd, Malaysia, through which a 4,500-ton HPA plant is to be built in Johor, Malaysia, and Altech Meckering Pty Ltd, Australia, the company that holds the rights to the kaolin mine from which the raw material for HPA production is sourced.

For more information, visit:www.altechadvancedmaterials.com

For more information, please contact:

Press contact

Ralf Droz / Doron Kaufmann, edicto GmbH

Tel: +49 (0) 69 905505-54

E-Mail: AltechAdvancedMaterials@edicto.de

(end)
Emitter: Altech Advanced Materials AG
Ziegelhäuser Landstraße 3
69120 Heidelberg
Germany
Contact Person: Hansjörg Plaggemars
Phone: +49 6221 64924-82
E-mail: info@altechadvancedmaterials.com
Website: www.altechadvancedmaterials.com
Stock Exchanges: regulated market in Frankfurt; free market in Dusseldorf; open market in Berlin
ISIN(s): DE000A2LQUJ6 (share)
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